B2Gold Corp. $BTG Shares Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

Key Points

• British Columbia Investment Management Corp increased its holdings in B2Gold Corp. by 26.1%, owning 742,192 shares worth approximately $2.11 million after acquiring an additional 153,406 shares.
• B2Gold recently posted quarterly earnings of $0.12 per share, missing analysts' estimates, but saw a 40.5% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.02 per share, scheduled for payment on September 23rd, reflecting an annualized yield of 2.0%.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in B2Gold Corp. (NYSE:BTG - Free Report) by 26.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 742,192 shares of the company's stock after acquiring an additional 153,406 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of B2Gold worth $2,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Groupe la Francaise increased its stake in shares of B2Gold by 17.1% in the first quarter. Groupe la Francaise now owns 820,000 shares of the company's stock worth $2,587,000 after acquiring an additional 120,000 shares during the period. Hsbc Holdings PLC increased its stake in shares of B2Gold by 17.8% in the first quarter. Hsbc Holdings PLC now owns 44,238 shares of the company's stock worth $126,000 after acquiring an additional 6,692 shares during the period. Northwest & Ethical Investments L.P. increased its stake in shares of B2Gold by 7.5% in the first quarter. Northwest & Ethical Investments L.P. now owns 137,550 shares of the company's stock worth $391,000 after acquiring an additional 9,632 shares during the period. American Century Companies Inc. increased its stake in shares of B2Gold by 17.1% in the first quarter. American Century Companies Inc. now owns 26,524,336 shares of the company's stock worth $75,435,000 after acquiring an additional 3,865,565 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of B2Gold by 348.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 84,422 shares of the company's stock worth $241,000 after acquiring an additional 65,602 shares during the period. Institutional investors and hedge funds own 61.40% of the company's stock.

B2Gold Stock Performance

NYSE:BTG opened at $4.05 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The company has a fifty day moving average of $3.62 and a two-hundred day moving average of $3.26. The stock has a market capitalization of $5.36 billion, a PE ratio of -8.44, a P/E/G ratio of 0.33 and a beta of 0.39. B2Gold Corp. has a fifty-two week low of $2.20 and a fifty-two week high of $4.05.

B2Gold (NYSE:BTG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.The firm's quarterly revenue was up 40.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. As a group, research analysts forecast that B2Gold Corp. will post 0.4 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 2.0%. B2Gold's dividend payout ratio is currently -22.86%.

Analyst Ratings Changes

BTG has been the topic of a number of research reports. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a research note on Wednesday, July 16th. Raymond James Financial raised shares of B2Gold to a "moderate buy" rating and set a $4.50 price target on the stock in a report on Monday, June 30th. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. CIBC reissued a "neutral" rating and set a $4.00 price target (up from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. Finally, Zacks Research downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $4.31.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

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